Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
SS&C Technologies has launched SS&C Lyric, a cutting-edge operating platform designed for asset managers, broker-dealers, retirement recordkeepers, and superannuation providers. This platform provides a cloud-based environment with customizable user experiences and real-time data transparency. Core features include 24x7 availability and personalized configurations. The transition to Lyric is being implemented across SS&C's global recordkeeping solutions without requiring any conversions from existing platforms. This initiative aims to enhance client service and data management capabilities.
SS&C Technologies has amended its Scheme Implementation Deed to acquire 100% of Mainstream Group for A$2.66 per security, valuing Mainstream at approximately A$392 million (or US$306 million). The acquisition is subject to shareholder approval, court consent, and regulatory approvals, with an anticipated closing in Q3 2021. Mainstream provides investment administration services globally, serving over 176,000 investors with A$272 billion in assets under administration.
On May 24, 2021, SS&C Technologies (Nasdaq: SSNC) announced its selection as fund administrator by Diversified Trust, a wealth management firm managing $7.5 billion in assets. SS&C will oversee private equity administration, reporting, tax services, and compliance for Diversified Trust's private equity fund of funds platform. Utilizing SS&C's technology, the partnership aims to streamline processes and enhance client services. Diversified Trust chose SS&C for its integrated solutions and expertise in fund-of-fund structures, focusing on improved accounting and reporting.
SS&C Technologies Holdings reported a 2.46% Forward Redemption Indicator for May 2021, a decrease from 2.07% in April and significantly lower than 4.00% a year ago. This marks the 11th consecutive month of year-over-year reductions, indicating rising investor confidence and hedge fund asset growth. Notably, this is the lowest May redemption level since the indicator's inception in 2006. The next update is slated for June 21, 2021.
SS&C Technologies (Nasdaq: SSNC), a provider of software and services for financial services and healthcare, announced that Bill Stone, Chairman and CEO, will present at the J.P. Morgan 49th Annual TMC Conference on May 26, 2021, at 3:40 pm ET. The presentation aims to highlight the company's technological advancements and industry insights. A webcast will be available on their investor relations website.
Founded in 1986 and headquartered in Windsor, Connecticut, SS&C supports over 18,000 organizations globally.
SS&C Technologies Holdings (Nasdaq: SSNC) has declared a quarterly dividend of $0.16 per share. This payout aligns with the company's ongoing quarterly dividend policy. The dividend will be distributed on June 15, 2021, to shareholders recorded by the end of business on June 1, 2021. SS&C, headquartered in Windsor, Connecticut, serves over 18,000 clients globally, showcasing its critical role in providing services and software for the financial services and healthcare industries.
SS&C Technologies (Nasdaq: SSNC) has announced a five-year extension of its transfer agency services relationship with Davis Advisors, managing over $30 billion AUM. SS&C Global Investor and Distribution Solutions will continue to provide crucial BPO and transfer agency services, focusing on fraud prevention and improved digital communication strategies. Davis Advisors highlighted SS&C's innovative technology and commitment to operational excellence. This partnership is expected to enhance the service efficiency and technological capabilities for both firms.
SS&C Technologies (Nasdaq: SSNC) announced that Producer's National Corporation (PNC) has selected SS&C SmartSource to enhance its accounting and operations for alternative and fixed income investment portfolios. This platform will support PNC's three insurance companies: Unique Insurance, Viva Seguros, and Stonegate. SS&C SmartSource's AI-driven capabilities will allow PNC to diversify its asset classes while ensuring operational transparency and regulatory compliance, backed by SS&C's 35 years of insurance expertise.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has amended its agreement to acquire Mainstream Group Holdings Limited (ASX: MAI) for A$2.61 per share, reflecting an enterprise value of approximately A$384 million (US$296 million). The acquisition is subject to approval from Mainstream shareholders and regulatory bodies, with a target closure in Q3 2021. Mainstream provides investment administration and related services globally, managing 1,364 funds and over 176,000 investors, with A$272 billion in funds under administration.
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